Chesterfield, Va. — S2 Capital Partners LLC has purchased Stonebridge Shopping Center, an 8.1-acre retail property located in Chesterfield, a suburb of Richmond.
S2 Capital Partners purchased the center from an affiliate of Crosland Southeast, Stonebridge’s original developer, for $12 million. Berkeley Capital Advisors represented the seller in the transaction. Stonebridge was 95 percent leased at the time of sale to tenants including Firestone, Krispy Kreme, Mattress Firm, Virginia ABC, Subway and Qdoba.
The center is shadow-anchored by a 123,600-square-foot Kroger Marketplace and a Kroger Fuel Center. S2 Capital Partners plans to construct an additional 15,600 square feet of multi-tenant retail space on the site’s two pad sites, bringing the total footprint of the shopping center to 67,416 square feet.